I want to sell naked puts and calls. Will a recent bankruptcy filing be grounds not to approve a margin account? What is the min. deposit to open margin acct. at IB? Thanks.
I sold the naked option before. Then I had many many sleepless nights. Luckily I didn't become bankrupt. the reward : risk ratio is simply very unattractive. don't end up being bankrupt again. all the best mister.
You asked the same questions 3 month ago https://www.elitetrader.com/et/threads/financial-qualifications-to-trade-naked-options-on-ib.354341/ If you don't know how to receive the answer to these questions after 3months you certainly not ready to trade, period. I suggest you take any job to pay current expenses.
That other thread was from January of 2021, which makes your point even more valid. Some people refuse to accept reality. To the OP: I am sorry this happened to you, but if trading caused you to blow up your broker account and resulted in your going bankrupt IRL, you should not consider trading options right now. Either trade with a cash account or find another source of income besides trading. There are dozens of other ways to generate cash. Trading is not for everyone and it really doesn't work when you are operating from a position of desperation, because you cannot attract money when your life and finances are in disarray. It also affects your decision-making abilities and the other factors that go into being a profitable trader. Figure out another source of income and if you decide you must trade then you probably need to start at the beginning so that you don't ruin your finances by doing what you did before. You can learn a lot by reading through this forum and other sources, I suggest you start doing that. I wish you all the best.
1.How would you know? 2. How long ago did you open the account 3. Maybe your reputation as a trader preceded you?